One lakh MSMEs to come up in Kerala in next 1 year; Kerala CM Vijayan inaugurates project

Thiruvananthapuram, Mar 31 (KNN) Pinarayi Vijayan, Chief Minister of Kerala launched the industries department project of building 100,000 MSMEs in the next one year. 

The project is undertaken by the State Department of Industries and the units will be built across the state. 

P Rajeeve, Minister for industries, law, and coir presided over the function.

The project is initiated under the ‘Rebuild Kerala’ initiative said the CM stating that it will create employment for about 40 lakh jobs in the state, and will bring in Rs 10,000 crore worth of investment in four years in the industrial sector alone.

Calling Kerala’s ecosystem investment-friendly having infrastructure facilities, he said the government further aims at transforming the state where development models are fulfilled without any challenges. 

Kerala will observe the upcoming fiscal year of 2022-23 as ‘entrepreneurship year’, said CM Vijayan.  (KNN Bureau)